Answer: 1. The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl.. Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It ...Read More
Answer: The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl.. Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It is gen...Read More
Question: Discuss about the Effect Of Increasing Business Investment. Answer: In this particular discussion paper, the economic scenario of Australia has been critically analysed based on interest rate decisions of the Reserve Bank of Australia. The mounting pressure of government budget deficit can be identified as one of the largest economic challenges for Turnbull government. Under the current circumstances, in order to redu...Read More
Question: Discuss about the Microeconomics and Behavior Tools System. Answer: Introduction: Unwholesome food habits enhance government expenses on diverse health as well as services. However, in order to resolve this, there is need for using tools of subsidy as well as tax in combination. Although, both subsidies along with taxes have distorting impact, it can transform purchasing habit by altering prices by the consumers an...Read More
Question: Discuss About The Affecting Many Countries Around The Globe? Answer: Introduction The financial crisis that began with the bursting of US housing market lasted from December 2007 to June 2009 affecting many countries around the globe. It was the deepest economic downturn called “The Great Recession”. This was considered to be largest after the great depression caused by the sharp decline in economy. T...Read More
Question: Discuss about the Effectiveness of Fiscal Policy Actions of the Government. Answer: The graph above represents the changes that would occur if tax was imposed on sweets and sugary snacks. Since the demand is inelastic to both low and high calorie food stuffs, the demand curve is steeply sloped; the close the elasticity to zero, the more vertical the slope becomes; at zero the curve is perfect inelastic and is verti...Read More
Question: Discuss about the Australian Retail Banking Industry. Answer: Introduction: The financial system of any country is the backbone of its economic stability and sustainable growth. Australia has very developed financial market which has significant contribution in nations’ economic growth. In 2015, it has contributed around $140 billion in GDP of country. Australian financial sector has strong regulatory system ...Read More
Question: Discuss about the Business Logistics Demand and Supply Chain Management. Answer: Introduction: Goods that have hidden charges are characterized by a wide range of factors which determines their production, distribution and eventual consumption. Despite their perceived profitability index to the firms, such goods do not exist in all markets. They have specific qualities that single them out in the market. More so, t...Read More
Question: Discuss about the significant trends in both Demand and Supply in the Copper Industry that have Influenced the price of Copper since September 2011. What are the Implications of these trends for Managerial Decision making in the Copper Industry? Answer: Introduction A relation between the decision of the managers of every organisation and the economic trend of the country in which it operates has been observed. The man...Read More
Question: Discuss about the Cost Leadership Strategy of ALDI. Answer: Introduction ALDI is one of the common supermarket brands of Germany. It has around 10000 stores in 18 countries and has an estimated turnover of about 50 billion pounds (ALDI UK | Homepage 2017). The company has entered the market of United Kingdom in the year 1990, which had provided the organization to attain maximum expansion capabilities. The company ha...Read More
Question: Discuss about the Stable Prices and Stable Economy. Answer: Introduction: From the article I reviewed, the number one goal of monetary policymakers was keeping inflation in check at the time the article was written. The article builds from the mandate given to Federal Reserve by the Act to follow monetary policy to accomplish the goals of “optimum employment, steady prices as well as modest long-run rates of...Read More
Question: Discuss about the Factor Models and Structural Vector. Answer: Introduction: In the short run production, it is assumed that there is at least one-factor input which is fixed. In the short run, the marginal cost curve is upward sloping. However, it is not true that the marginal cost curve is upward slopping since the firms have to pay higher wage rate to the workers because of higher output. The law of diminishin...Read More
Question: Discuss about the Economics Solutions for Principles and Applications. Answer: Introduction: The process by which businesses or other organizations develop international influence or start operating on an international scale is called globalization. It is the interchange between countries in terms of culture, commodities, views, ideas, finance, labor investment or the movement of technology (Investopedia, 2016). I...Read More
Question: Discuss about the Economics For Managers for Economic Complications for UK. Answer: 1. As stated by Curry (2016), Brexit refers to the exit of United Kingdom from the European Union. In the year 2016, 52% of the voters in UK, voted to leave the European Union thereby leading to political and economic complications for UK and other countries . The article which assesses the case study of Brexit under the name “Brexit &n...Read More
Question: Discuss about the Economic Manager Consequences of Brexit. Answer: Introduction: Allen, Oltermann, Borger and Neslen (2015) say that the event of Brexit may impact the global economy as well as the British economy mostly in a negative way (Allen et al., 2015). The primary message that has been transmitted by the article is the drawbacks of Brexit, i.e. the consequences of the exit of Britain from the European Union...Read More
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